OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Charity No. 1192322

BROMLEY THIRD SECTOR ENTERPRISE CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

1

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Contents

Page
Reference and administrative information 3
Trustees’ annual report 4 - 8
Independent auditors' report 9 - 11
Statement of financial activities 12
(Incorporating an income and expenditure account)
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 21

2

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Charity Number 1192322 Registered Office Community House, South Street, Bromley BR1 1RH Trustees M Ellison C Evans E P Lynch J B S Taylor L A Whittaker A Williams C M Allies G J Simpson N N E Kingnuthia (appointed 19 August 2022) R H Moriarty (appointed 19 August 2022) Principal Staff David Walker Auditors Goldwins Limited Chartered Accountants and registered auditors 75 Maygrove Road West Hampstead London NW6 2EG

3

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present the audited financial statements for the financial year ended 31 March 2023.

The Partnership

Bromley Third Sector Enterprise (BTSE) is a charity working to improve the health and wellbeing of residents in the London Borough of Bromley and surrounding areas of south east England. We manage Bromley Well, an early intervention contract funded by the London Borough of Bromley and the NHS South East London Integrated Care Board.

We provide a single point of access – a contact centre where people can call or email us and be referred to the relevant service run by our charity partners.

The charity facilitates a partnership under the auspice of “BTSE” with Age UK Bromley & Greenwich, Bromley Mencap, Bromley, Lewisham & Greenwich Mind, Community Links Bromley and Citizens Advice Bromley. The aims of the partnership are to:

Objectives and activities

The object of Bromley Third Sector Enterprise CIO (the charity), as defined by the constitution, is the advancement of the health and wellbeing of residents of the London Borough of Bromley and the surrounding areas.

The charity’s mission is to facilitate the delivery of health and wellbeing services for the benefit of local communities, by enabling third sector partnerships. By bringing services together, to help local people to live healthier and happier lives and to help maintain their health, wellbeing and independence.

Achievements and performance

The charity managed the successful collaborative delivery and performance of the Bromley Well contract worth £2.4 million per annum.

2022-23 has been a growth and transition year for Bromley Third Sector Enterprise and our operational partners. We’ve taken great strides in improving Bromley Well’s systems, deepening our partnerships, widening our profile and reach, and strengthening our governance.

We were delighted to be awarded the contract to deliver the Bromley Well PSIS contract for 2022-27. This is a great vote of confidence in BTSE, Operational Partners (Age UK B&G, Citizens Advice Bromley, Bromley Mencap and Bromley, Lewisham and Greenwich Mind) and Bromley Well staff and volunteers.

We began delivering the new contract in October 2022 and whilst there is much continuity, there is also change including the reconfiguration of our hospital discharge Sitting Service and the inclusion of the Dementia Respite Service (previously delivered directly by Bromley, Lewisham and Greenwich Mind). We have added a new Employment Retention Service and increased capacity on our Learning Disabilities service. We have also integrated our forms completion service with our elderly and frail information and advice service, meaning we can help people more easily. We continue to support the transition of mental health services into the new Bromley Mental Health Hub and provide a route into this service for people self-referring via our Contact Centre.

4

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Bromley Well continued to deliver high quality and consistent results for the people of Bromley, supporting 52,742 residents through our advice and support services since our current contract began in 2017.

In 2022-23 we received 14,419 referrals with 6,750 (47%) of these via the Bromley Well Single point of Access call centre (SPA)

We supported 11,948 residents of which 9,147 (77%) were new clients. Some people are referred to us more than once. 42% of clients have at least one disability

Our work enabled residents to claim more than £3m of benefits to which they were entitled but had not otherwise been able to access.

Case study - Information and Advice:

A 22-year-old male client requested support with a mandatory reconsideration for their personal independence payment (PIP). They were referred to the Benefits Advice Team, who were able to guide and support the client with their mandatory reconsideration, along with specialist benefits advice. Thanks to our benefits advisor, the client was awarded the standard daily living rate for 5 years and 11 months, totalling £18,500.

The client said: “My thanks to you and your colleagues for being there and listening. Having someone on side, and as a sounding board for my frustrations, really did help with the stresses of the situation.” We provided a wide range of wellbeing services including:

A crucial aspect of our work is the seamless linkage between these services. On average each Bromley Well client presents with 1.6 issues. Whether clients come via the SPA or direct to a service, they are triaged and their needs identified so they can be referred to the services and support required: for example, a Hospital Aftercare referral to Long Term Health Conditions or Carers support, or Advice and Guidance to Employment services. This reduces multiple referrals and means clients get help faster - delivering on our mission as an early intervention service.

Case Study – multiple complex needs

The client was referred to us by their hospital care navigator, who also stated that the client’s partner needed help. Both had complex health issues and were referred to our long-term health conditions team. They needed benefits support, as well as carer’s support for the partner – who was caring both for the client and another.

As a result of the one referral, both the client and partner received holistic, person-centred support as individuals and as a couple. They were listened to and now receive ongoing support, meaning they both know they have someone they can turn to. This demonstrates the strength of Bromley Well’s partnership model.

5

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

During the year, we increased our use of technology to deliver services and raise the profile of both BTSE and Bromley Well. We have been at the forefront of communicating with residents. Working closely with One Bromley, the umbrella body for health and care in the borough, we were a key partner in Keeping Bromley Well Through Winter and provided support through winter with our own ‘self-care week’. We took the lead in Bromley on the Cost-of-living Crisis through our guide and our warm centre map which was viewed online over 11,000 times.

We continued to work closely with the London Borough of Bromley, the South East London Integrated Care System, primary care and the wider voluntary sector to ensure Bromley Well was able to meet needs. This is perhaps most evident in our work in raising the profile of unpaid carers. We were delighted to be awarded the Carers Trust 'Excellence for Carers' Award. We led on a whole system approach to deliver better outcomes for carers, working closely with council and health colleagues to support a new Carers Plan and a Carers Charter. These strong relationships and partnerships are key to the success of our work.

BTSE Associate members and Innovation Fund

The charity has 69 Associate Member charities which it engages with and convenes regular forums. Some of these were funded via the Innovation Fund to address possible gaps in services and trial innovative approaches to filling them. The Innovation Fund made up 15% of the total Bromley Well contract value until the end of the existing contract in September 2022. In preparation for the new Bromley Well contract, which no longer includes the Innovation Fund, we reviewed our Associate Member offer and consulted existing members. All respondents said they valued Associate Membership for information and networking.

Governance

Under our Articles of Association, The Board comprises of the CEOs of the five Operational Partners and up to five Independent Trustees, including Chair and Treasurer.

Over the last year, we strengthened our governance and appointed two new independent trustees, bringing in new skills and increasing our diversity.

Rachel Moriarty - has a strong background in impact evaluation and stakeholder engagement and is an independent strategic consultant, advising The Prince and Princess of Wales and working on other large-scale global social and environmental initiatives. She formerly led the mental health work at The Royal Foundation of The Prince and Princess of Wales.

Nana Kingnuthia - a former banker with significant experience of risk and policy, experience of volunteering, and an ordained minister.

They joined Gavin Simpson, a qualified chartered accountant, who became treasurer in March 2022. We conducted a thorough re-tendering process for our audit and accounts and are pleased to appoint Goldwins (Charity Auditors of the Year 2022) for the next three years.

We also revised our committee structures and aligned Board and committee meetings to reflect operational and strategic priorities.

These changes have made BTSE more robust in identifying issues, so it can strengthen services and improve reporting and data, to better demonstrate Bromley Well’s impact. All new trustees undergo an induction process of briefings with existing trustees, Chair and CEO and externally recognised training. We have reconfigured our sub-committees to focus on Operations, Policy and Finance, which meet quarterly, with each trustee sitting on at least one committee

.

Looking to the Future

BTSE now has six years' experience in developing and running a successful operational partnership model, shared partnership governance, shared service delivery, shared data and communications, including the widely recognised Bromley Well brand. We want to build on these strengths and work towards generating new revenue for BTSE by sharing our expertise.

6

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

BTSE Trustees held a Board Strategy Day in February 2023, where we discussed a new three-year strategy aligning the Bromley Well contract, reviewing and reinforcing our vision, mission and values.

The strategy is in three main sections – to improve and anchor the Sustainability, Reach and Impact of BTSE.

We have created a unique and effective one-stop wellbeing service which we believe has much to offer those in other areas. We look forward to the future with confidence.

It is clear the activities undertaken in the year have furthered the charity’s purposes for the public benefit. The trustees have had regard to the Charity Commission’s guidance on public benefit.

Financial Review

Incoming resources during the year were £2,623,096 (2022: £3,379,843). At 31 March 2023, reserves were £169,413 (2022: Nil).

Principal funding sources

The main funding source for the year was from the London Borough of Bromley and South East London Clinical Commissioning Group via the Primary and Secondary Intervention Service contract.

Reserves policy

The Trustees review the reserves of the charity on a regular basis. As per the balance sheet, the charity ended the year with £169,413 free reserves. We have however agreed a Reserves Policy to ensure prudent risk management of holding funds. This provides for the charity to hold three-months of running costs for the partnership office and to provide a sum to cover necessary investment to facilitate the operation of the contract. We purposefully invested reserves this year to improve data and impact in preparation for the new contract and to provide additional resource to address the cost-of-living crisis.

Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, UK GAAP (Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:-

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for the prevention and detection of fraud and other irregularities.

7

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Statement as to disclosure to our auditors

In so far as the Trustees are aware:

Auditors

Goldwins Limited were re-appointed as the auditors of the charitable company during the year and have expressed their willingness to continue in that capacity.

20 september 2023.

The Trustees’ annual report has been approved by the Trustees on ………………………….

By order of the Trustees.

……………………………

Colin Allies, Chair of Trustees

8

BROMLEY THIRD SECTOR ENTERPRISE CIO

Opinion

We have audited the financial statements of the charity for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

2023 and of its income and expenditure for the period then ended;

Accepted Accounting Practice;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our respo responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

9

BROMLEY THIRD SECTOR ENTERPRISE CIO

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and environment obtained in the course of the audit, we have not identified material

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

10

BROMLEY THIRD SECTOR ENTERPRISE CIO

A further description of our responsibilities for the audit of the financial statements is located on the www.frc.org.uk/auditorsresponsibilities. This description forms

Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been accept or assume r for our audit work, for this report, or for the opinions we have formed.

Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

22 September 2023

11

Bromley Third Sector Enterprise CIO

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2023

Unrestricted
Funds
Note
£
Income from:
-
3
2,452,735
-
2,452,735
4
2,283,322
2,283,322
5
169,413
-
169,413
Reconciliation of funds:
-
169,413
Charitable activities
Net movement in funds
Total funds brought forward
Total funds carried forward
Net income for the year
Transfers between funds
Total expenditure
Total income
Expenditure on:
Charitable activities
Funds transferred from prior operating entity
as of 13 November 2020
Contract awarded income
Other charitable activities		 Restricted
Funds
£
-
170,361
-
170,361
170,361
170,361
-
-
-
-
-		 2023
Total
Funds
£
-
2,623,096
-
2,623,096
2,453,683
2,453,683
169,413
-
169,413
-
169,413		 2022
Total
Funds
£
135,526
3,237,670
6,647
3,379,843
3,379,843
3,379,843
-
-
-
-
-

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the financial statements.

12

Bromley Third Sector Enterprise CIO Balance sheet As at 31 March 2023

Note
Fixed assets:
8
Current assets:
9
Liabilities:
10
11
12
Total unrestricted funds
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Tangible assets
Unrestricted funds:
General funds
Net current assets/(liabilities)
Total assets less current liabilities
Total net assets
Funds
Restricted funds
Total funds		 2023
£
78,990
393,483		 2023
£
-
169,413		 2022
£
217,425
599,035		 2022
£
915
(915)
472,473
303,060		 816,460
817,375
169,413 -
169,413 -
169,413 -
-
169,413		 -
-
169,413 -

and signed on their behalf by:

G J Simpson

Trustee

The attached notes form part of the financial statements.

13

Bromley Third Sector Enterprise CIO

Statement of cash flows

For the year ended 31 March 2023

Note
Cash flows from operating activities:
a
Cash flows from investing activities:
Sale/ (purchase) of fixed assets
Cash provided by / (used in) investing activities
Change in cash and cash equivalents in
the year
Cash and cash equivalents at the beginning
of the year
Cash and cash equivalents at the end of
the year
b
a)
Net income / (expenditure) for the
reporting period(as per the statement of
financial activities)
Depreciation
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in)
operating activities
b) Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
Net cash provided by / (used in)
operating activities
Reconciliation of net income /
(expenditure) to net cash flow from
operating activities		 -
£
599,035
599,035
At 1 April
2022		 2023
£
(205,552)
-
(205,552)
599,035
393,483
2023
£
169,413
915
138,435
(514,315)
(205,552)
Cash flows
£
(205,552)
(205,552)		 (4,328)
£
-
-
Other
changes		 2022
£
603,363
(4,328)
599,035
-
599,035
2022
£
-
3,413
(217,425)
817,375
603,363
£
393,483
At
31 March
2023
393,483

14

Bromley Third Sector Enterprise CIO Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether grants or grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which

15

For the year ended 31 March 2023

Bromley Third Sector Enterprise CIO Notes to the financial statements

g) Expenditure and irrecoverable VAT

Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 4.

i) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

16

Bromley Third Sector Enterprise CIO Notes to the financial statements

For the year ended 31 March 2023

Detailed comparatives for the statement of financial activities
Funds transferred from prior operating charity
Charitable activities:
Grants
Kickstarter scheme
Charitable activities:
Transfers between funds
Expenditure on:
Total funds brought forward
Total funds carried forward
Net movement in funds
Net income / expenditure
Total expenditure
Income from:
Total income		 £
93,568
2,731,035
6,647
Unrestricted
funds		 £
41,958
506,635
-
Restricted
Funds		 2022
Total
Funds
£
135,526
3,237,670
6,647
2,831,250 548,593 3,379,843
2,831,250 548,593 3,379,843
2,831,250 548,593 3,379,843
-
-		 -
-		 -
-
-
-		 -
-		 -
-
- - -
Income from charitable activities
Total income from charitable activities
Contract awarded income
Kickstarter scheme
Grants
Other charitable activities		 Unrestricted
Funds
£
2,452,735
-
2,452,735		 £
170,361
-
Restricted
Funds		 2023
Total
Funds
£
2,623,096
-		 2022
Total
Funds
£
3,237,670
6,647
170,361 2,623,096 3,244,317

17

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2023

4 Analysis of expenditure

Staff costs
Direct cost
Carers Support
Employment and Education
Learning Disabilities
Long Term Health Conditions
Mental Health and Wellbeing
Mutual Carers
Physical Disabilities
Services for Elderly Frail
Single Point of Access
Young Carers
Winter Pressures Funding
Fathers To Fathers Pilot (Home Start)
Clear Community Web
Community Outreach by Health Champions
KAB Assistive Technology Loan
Post Covid Care Navigator
Other projects
End Of Life Navigation
Mental Health Advisor
Care Navigator (Hospital Frailty)
Mental Health Triage Advisor
BW Autism Project
Corner Stone Health & Wellbeing
BTSE Business Development Manager
MH homeless support (BCCS)
CASPA Connects
Support cost
Premises costs
Office & Administrative expenses
Professional fees
Audit fees
Bank charges
Depreciation
Support costs
Total expenditure 2023
Total expenditure 2022		 Charitable
activities
£
-
156,702
108,852
81,719
304,149
266,462
27,951
70,496
427,942
511,902
135,158
-
17,086
15,059
14,955
19,394
50,896
16,667
35,524
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Support
costs
£
136,828
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,943
24,173
14,878
6,960
72
915		 2023
Total
£
136,828
156,702
108,852
81,719
304,149
266,462
27,951
70,496
427,942
511,902
135,158
-
17,086
15,059
14,955
19,394
50,896
16,667
35,524
-
-
-
-
-
-
-
-
-
8,943
24,173
14,878
6,960
72
915		 2022 Total
£
132,212
199,558
149,657
73,438
414,335
295,480
39,703
73,438
587,368
565,220
172,489
33,945
-
-
-
19,394
38,617
50,000
133,302
38,395
37,983
55,116
21,273
46,751
16,743
32,658
28,312
35,620
8,307
42,218
25,985
8,784
130
3,413
2,260,914 192,769 2,453,683 3,379,843
192,769 (192,769)
2,453,683 - 2,453,683
3,379,843 - 3,379,843

Of the total expenditure £2,233,823 was unrestricted (2022: £2,831,250) and £170,361 was restricted (2022: £548,593).

18

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2023

5 Net incoming resources for the year

This is stated after charging / crediting:

2023
£
915
5,800
6
2023
£
124,956
7,946
3,926
136,828
Depreciation
Salaries and wages
Employer pension contributions
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
Auditors' remuneration
Audit fees net of VAT
Social security costs		 2022
£
3,413
8,784
2022
£
119,457
9,137
3,618
132,212

The total employee benefits including pension contributions of the key management personnel were £69,196. One employee earned between £60,000-£69,999 per annum during the year.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

7 Staff numbers

The average number of employees during the year was as follows:

Tangible fixed assets
Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year
Charitable activity
Support		 74
-
-
74
26
48
-
74
-
48
Fixures &
fittings		 2023
No.
2
2
4
£
4,254
-
-
4,254
3,387
867
-
4,254
-
867
Equipment		 2022
No.
2
2
4
Total
£
4,328
-
-
4,328
3,413
915
-
4,328
-
915

19

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2023

9 Debtors

10
Pension
Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Trade creditors
Trade debtors
Prepayments
Accruals
Creditors: amounts falling due within one year
Deferred income		 2023
£
6,169
72,821
78,990
2023
£
291,212
3,124
8,724
-
303,060
2023
£
224,874
(224,874)
-
-		 2022
£
160,285
57,140
217,425
2022
£
575,517
2,139
14,845
224,874
817,375
2022
£
-
-
224,874
224,874

Deferred income represents grants received for the purpose of expenditure in a future period.

11 Analysis of net assets between funds- current year

Tangible fixed assets
Current assets
Liabilities
Net assets at the end of the year		 General
unrestricted
Funds
£
-
472,473
(303,060)
169,413		 Restricted
Funds
£
-
-
-
-		 Total funds
2023
£
-
472,473
(303,060)
169,413

Analysis of net assets between funds- prior year

Tangible fixed assets
Current assets
Liabilities
Net assets at the end of the year		 General
unrestricted
Funds
£
915
816,460
(817,375)
-		 Restricted
Funds
£
-
-
-
-		 Total funds
2022
£
915
816,460
(817,375)
-

20

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2023

12 Movements in funds-current year

Movements in funds-current year
Restricted funds:
External Funding
Innovation Fund
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds		 £
-
-
-
-
-
-
At the
start of
the year		 £
71,733
98,628
170,361
2,452,735
2,452,735
Incoming
resources &
gains		 £
(71,733)
(98,628)
(170,361)
2,283,322
2,283,322
2,453,683
Outgoing
resources &
losses		 Transfers
£
-
-
-
-
-
-		 £
-
-
At the end
of the year
-
169,413
169,413
2,623,096 169,413

13 Operating lease commitments

At the balance sheet date, the charity had no financial commmitment under non-cancellable operating leases.

14 Related party transactions

There are no related party transactions for the year (2022: None).

21